Graphite sells investment in Corbin & King to Minor Hotels

Martha Elwell Martha Elwell Uploaded 18 December 2017

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UK: Graphite has sold its investment in London-based restaurant group Corbin & King

Leading mid-market private equity specialist Graphite Capital has today sold its investment in London-based restaurant group Corbin & King.

The sale is part of a wider transaction in which Minor Hotels, one of the largest hospitality groups in the Asia-Pacific region, took a majority interest in Corbin & King. Minor is the operator of Anantara hotels.

In 2012 Graphite provided development finance to fund the company's expansion. At the time Corbin & King operated the Wolseley, which had been open since 2003, and the Delaunay. Both have continued to grow strongly. Since then, Corbin & King have opened four more restaurants: Colbert, Brasserie Zédel, Fischer's and Bellanger. The new restaurants have won various industry awards, while revenues of the restaurant group have more than trebled and are now more than £45 million.
 
In 2014, Corbin & King opened The Beaumont, a luxury hotel in Mayfair, to widespread critical acclaim. The Beaumont is regularly rated in the top five hotels in London by TripAdvisor and won the AA's 'Hotel of the Year in London' award in 2016. Revenues have grown since the opening, meaning that the hotel now makes an important contribution to group profits.

Graphite senior partner Andy Gray said: "Chris Corbin and Jeremy King have built a reputation as London's most successful restaurateurs over the past 35 years. We are pleased to have played an important part in the development of such an iconic business and are delighted that it has shown consistent growth during our investment period. The company is highly profitable and we believe it has found an excellent partner in Minor Hotels."

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